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Energy economy
UK Government Figures Shows: Renewables Outperform Gas
The latest Energy Trends report, published by the Department for Business, Energy and Industrial Strategy (BEIS) shows that in the third quarter of 2019 renewab…
Market Analysis
ICRA Revises The Power Sector Outlook from Stable to Negative
According to ICRA Research, the all India electricity demand growth declined to 1.2 per cent in 8M FY2020 on a year-on-year basis (YoY) against the 6.4 per cent…
African Union to Develop A Blueprint for A Pan-continental Electricity Network and Market
The agreement to set up a Continental Power System Master Plan between the Bank and AUDA-NEPAD was unveiled recently during a three-day workshop on the sideline…
Zambia Looks to Brazil for Help in Biofuel Industry
Zambia’s Ambassador to Brazil, Dr. Alfreda Kansembe has held bilateral talks with Brazil’s Sugar, Ethanol and Energy companies in an effort to find partners t…
Siemens Working on Modern Power Plants in Iran
Germany’s engineering giant Siemens, in a joint project with Iran’s largest energy construction and engineering group Mapna, is working on launching power pla…
European Investment Bank funds two windfarms in Portugal
The European Investment Bank (EIB) has agreed to provide a loan of €45m to renewable energy company Eolica da Linha for the construction of three windfarms in …
100% Renewables Means 95% Less Water Consumption for Conventional Power Generation
According to a new study by Finland’s LUT University, solar PV consumes between 2% and 15% of the water that coal and nuclear power plants use to produce just …
5G And IoT Comes to Enterprises in Japan
Nokia today announced that it is building out its strategic partnership ecosystem to bring local 5G/private wireless LTE to industrial and government customers …
EU and Africa Signed A $120m Deal to Fund Sustainable Energy Projects
The European Investment Bank and the Eastern and Southern African Trade and Development Bank (TDB) have signed a deal to fund sustainable energy projects over t…
ABB CEO: ABB Is Ready to Spin off More Businesses
The Swiss engineering company, under pressure from activist investors to simplify its operations, is carrying out a strategic review of underperforming business…
US EPA Sends Final 2020 Biofuel Volumes to White House for Review
The US Environmental Protection Agency on Friday sent its delayed 2020 biofuel blending mandate to the White House for review, but continues to allow for the po…
Energy Investment
BlackRock Achieved $1bn Record for the Global Renewable Power III (GRP III) Fund
American investment company BlackRock has announced that is has achieved $1bn for the first close of its Global Renewable Power III (GRP III) fund. The company …
Wind Capacity Exceeds Hydro, While Solar Tops Oil in US
New capacity placed into service that month included 359 MW of wind and 232 MW of solar but only 100 MW of natural gas.
Energy Connected Homes Services Set for Substantial Growth
The research Connected Homes Insight Service has identified increasing levels of entry and investment, with rates of entry more than doubling over the last deca…
Ireland to Open 1st Renewables Auction in Early 2020
The Irish government on Monday gave the green light to the country’s first auction under its new Renewable Electricity Support Scheme (RESS) that is seen to pa…
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